this isn't like the united states. you're talking about multiple governments that have to make adjustments to get that money, that's big tax cuts -- sorry, big tax increases, spending cuts, major, major changes for countries that don't want to do it like greece. so i think the bottom line is, listen, headline risk is going to continue, i think it gets worse. i think greece will leave the union. i think where we need to really look is china. i think the quietness in china, the deterioration that's slowly happening is way more of a risk than a deterioration in europe. cheryl: why do you say that? china still has an 8% growth rate, i mean, the poor chinese. i mean, come on. [laughter] that's great! >> i mean, again, okay, price talks, right? they can quote all the gdp numbers they want, but price talks. when you see steel dropping, markets dropping, three-year lows, you can give those gdp numbers out, i just don't buy it. cheryl: all right. you wouldn't be the first one, i think i've made that comment before. [laughter] o